3/05/22
LUNA had a lovely move up yesterday, Great bounce on the daily pivot, support at DO and now testing the YO and heavy resistance at the 4hr Structure we need to break. fail here I would like to see a drop to the untested swing but check the reaction to the new daily pivot on the way down.
If we blast through the YO, S/R's and 4hr Swing structure then look for retests or retracement to strong order-block created by the CHoCH BoS (change of character, break of structure)
If we do have a pop to the upside another thing to consider is the build up of short liquidity, take that out and could send us to the monthly pivot before a harder retracement.
LUNA had a lovely move up yesterday, Great bounce on the daily pivot, support at DO and now testing the YO and heavy resistance at the 4hr Structure we need to break. fail here I would like to see a drop to the untested swing but check the reaction to the new daily pivot on the way down.
If we blast through the YO, S/R's and 4hr Swing structure then look for retests or retracement to strong order-block created by the CHoCH BoS (change of character, break of structure)
If we do have a pop to the upside another thing to consider is the build up of short liquidity, take that out and could send us to the monthly pivot before a harder retracement.